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Foreign private issuers that prepare their financial statements in accordance with IFRS may begin submitting those reports to the SEC in XBRL

Mar 01, 2017

On March 1, 2017, the Securities and Exchange Commission (SEC) published a taxonomy on its website so that foreign private issuers that prepare their financial statements in accordance with IFRS may submit those reports using XBRL. XBRL is a machine readable data format that allows investors and other data users to more easily access, analyze and compare financial information across reporting periods and across companies.

Foreign private issuers that prepare their financial statements in accordance with IFRS as issued by the International Accounting Standards Board may begin immediately to submit their financial statements in XBRL. Otherwise, all such foreign private issuers must submit their financial statements in XBRL for fiscal periods ending on or after December 15, 2017.